Should we keep an eye on the upside potential of the rising euro-yen pair?

Should we keep an eye on the upside potential of the rising euro-yen pair?

09.05.2025

In yesterday’s U.S. currency trading, the U.S. dollar rose against the Swiss franc. The USD/CHF pair climbed from 0.8222 to 0.8330. On the hourly chart, prices extended from the -2σ to the +3σ Bollinger Bands. On the 4-hour chart, the pair has broken above last week’s high, and on the daily chart, it is currently attempting to break above the 20-day moving average (MA), which had previously acted as resistance. We will be watching closely to see if the U.S. dollar continues to strengthen.

Among European currencies, the euro rose against the yen. The EUR/JPY pair climbed from 162.406 to 163.895. An uptrend has emerged from the 20-period moving average on the hourly chart. On the 4-hour chart, the RSI rebounded from 37 to 61. Meanwhile, on the daily chart, the pair has been trading at roughly the same level for about a month. We will be watching closely to see if the euro continues to rise against the yen during today’s European trading session.

Today’s schedule includes the Japan Household Expenditure Survey and the Japan Monthly Labor Survey at 8:30 a.m., the Japan Economic Sentiment Index at 2:00 p.m., remarks by Bank of England Governor Bailey at 5:40 p.m., remarks by Federal Reserve Governor Barr at 6:55 p.m., remarks by Bank of England MPC Member Pill at 8:15 p.m., the Canadian Employment Report at 9:30 p.m., and remarks by Federal Reserve Governor Williams:NY Fed President, at 11:00 PM: US Chicago Fed President Goolsbee’s remarks, and at 12:30 AM: US Fed Governor Waller’s remarks. We will closely monitor the upside potential of the rising EUR/JPY pair.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed